A limited liability partnership (LLP) is a formal partnership between at least two business partners. Each business partner is provided with limited liability, which means they aren't fully responsible for the business' debts or liabilities. Partners in an LLP aren't liable for the negligent acts or malpractice of a single partner — each partner is accountable for their own negligence.
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- A limited liability partnership (LLP) is a partnership in which some or all partners (depending on the jurisdiction) have limited liabilities.
- Limited liability partnership structures are often utilized where a business consists of several independent professionals working alongside each other in a...
- LLPs came into existence in India when the official Gazette of India newly established the Limited Liability Partnership Act 2008 on January 9, 2009.
- A limited liability partnership (LLP) is a flexible legal and tax entity where every partner has a limited personal liability for the debts or claims of the partnership.
- A Limited Liability Partnership (LLP) exists between two co-founders (two individuals or an individual and a company or two corporate bodies) who decide to start...
- A limited liability partnership is one of the available legal structures that you can use to set up and run a business in the UK.
- Since the introduction of the limited liability partnership format in 2001, these firms can operate as LLPs and provide limited liability to their members (partners).
- Body Corporate: A Limited Liability Partnership (LLP) is a body corporate, founded under the Limited Liability Partnership Act, 2008.
- Limited liability partnerships (LLPs) were introduced in 2001 by the LLP Act 2000 as an alternative to the traditional general partnership model.
- The Limited Liability Partnership is a business form, in which business can be carried on even if there is an alteration in the partners of the business.